PNB Housing Finance understands that property ownership serves two vital functions: securing a comfortable home and enabling a promising investment.
By financing up to 90% of your property’s cost at competitive rates between 8.50% p.a. and 10.15% p.a. (PNB Home Loan Interest Rates), PNB Housing Finance provides a reliable, convenient path to homeownership—equally appealing to residents and investors alike.
PNB Housing Finance Home Loan Interest Rates by Employment
PNB Housing Finance adjusts home loan interest rates based on whether you’re salaried, self-employed, or have a professional practice. Below is a quick look at how your employment type can influence your rate.
PNB Housing Finance Home Loan Interest Rates for Salaried Employees
| CIBIL Score Range | Up to ₹35 Lakh | Above ₹35 Lakh |
|---|---|---|
| ≥ 825 | 8.5% to 9% | 8.5% to 9% |
| >800 to 825 | 8.8% to 9.3% | 8.8% to 9.3% |
| >775 to 799 | 9.1% to 9.6% | 9.2% to 9.7% |
| >750 to ≤775 | 9.25% to 9.75% | 9.35% to 9.85% |
| >725 to ≤750 | 9.55% to 10.05% | 9.7% to 10.2% |
| >700 to ≤725 | 9.85% to 10.35% | 10.05% to 10.55% |
| >650 to ≤700 | 10.25% to 10.75% | 10.45% to 10.95% |
| Up to 650 | 10.25% to 10.75% | 10.45% to 10.95% |
| NTC Cibil ≥170 | 10.25% to 10.75% | 10.45% to 10.95% |
| NTC Cibil <170 | 10.15% to 10.65% | 10.35% to 10.85% |
PNB Housing Finance Home Loan Interest Rates for Self Employed Individuals
| CIBIL Score Range | Up to ₹35 Lakh | Above ₹35 Lakh |
|---|---|---|
| ≥ 825 | 8.8% to 9.3% | 8.8% to 9.3% |
| >800 to 825 | 8.95% to 9.45% | 8.95% to 9.45% |
| >775 to 799 | 9.65% to 10.15% | 9.8% to 10.3% |
| >750 to ≤775 | 9.8% to 10.3% | 10.15% to 10.65% |
| >725 to ≤750 | 10.25% to 10.75% | 10.3% to 10.8% |
| >700 to ≤725 | 10.55% to 11.05% | 10.75% to 11.25% |
| >650 to ≤700 | 10.75% to 11.25% | 10.95% to 11.45% |
| Up to 650 | 10.75% to 11.25% | 10.95% to 11.45% |
| NTC Cibil ≥170 | 10.65% to 11.15% | 10.85% to 11.35% |
| NTC Cibil <170 | 10.55% to 11.05% | 10.75% to 11.25% |
Also Read: PNB Housing Finance Home Loan Eligibility Calculator
PNB Housing Finance All Schemes Home Loan Interest Rates
PNB Housing Finance offers multiple home loan schemes, each with its own interest rate structure and features. Here’s an overview of the current rates for various PNB Housing Finance schemes.
| Home Loan Type | Home Loan Interest Rates |
|---|---|
| Home Loan | 8.50% p.a. onwards |
| Plot Loan | 9.50% p.a. onwards |
| Home Construction Loan | 8.50% p.a. onwards |
| Pradhan Mantri Awas Yojan | Contact the bank |
| Home Extension Loan 8.50% | 8.50% p.a. onwards |
| Home Improvement Loan | 8.50% p.a. onwards |
| NRI Home Loan | 8.50% p.a. onwards |
Read more: PNB Home Loan Eligibility Criteria
All Schemes Offered by PNB Housing Finance: A Detailed Overview
PNB Housing Finance has a range of home loan schemes catering to diverse needs, from ready-to-move properties to under-construction projects. Read on to find the best fit for your housing requirements.
PNB Housing Finance Home Loan Interest Rates
PNB Housing Finance provides comprehensive Home Loans with a repayment tenure of up to 30 years, accommodating borrowers until the age of 70.
| Home Loan Types | Home Loan Interest Rates |
|---|---|
| Home Loan | 8.50% p.a. onwards |
PNB Housing Finance Plot Loan Interest Rates
The Plot Loan offered by PNB Housing Finance covers 70-75% of the plot’s market value, enabling customers to purchase residential land with ease. Additionally, borrowers can benefit from tax incentives when they commence construction on the purchased land.
| Home Loan Types | Home Loan Interest Rates |
|---|---|
| Plot Loan | 9.50% p.a. onwards |
PNB Housing Finance Home Construction Loan Interest Rates
PNB Housing Finance’s Home Construction Loan is designed to facilitate the building of new residences. This loan provides the necessary funds to cover construction costs, ensuring that customers can develop their properties efficiently and within their budget.
| Home Loan Types | Home Loan Interest Rates |
|---|---|
| Home Construction Loan | 8.50% p.a. onwards |
PNB Housing Finance Pradhan Mantri Awas Yojana Interest Rates
Under the Pradhan Mantri Awas Yojana (PMAY), PNB Housing Finance offers specialized loans aimed at promoting affordable housing. This government-backed scheme provides concessional interest rates and subsidies to eligible borrowers, making homeownership more accessible.
| Home Loan Types | Home Loan Interest Rates |
|---|---|
| Pradhan Mantri Awas Yojana | Contact the bank |
PNB Housing Finance Home Extension Loan Interest Rates
The Home Extension Loan from PNB Housing Finance assists homeowners in expanding their living spaces. Whether adding new rooms or extending the existing structure, this loan provides the financial flexibility needed to accommodate growing family needs and enhance the functionality of the home.
| Home Loan Types | Home Loan Interest Rates |
|---|---|
| Home Extension Loan | 8.50% p.a. onwards |
PNB Housing Finance Home Improvement Loan Interest Rates
Designed for homeowners looking to renovate or upgrade their properties, the Home Improvement Loan offers funds for various home enhancement projects. This loan ensures that homes can be modernized and improved to meet contemporary standards and personal preferences.
| Home Loan Types | Home Loan Interest Rates |
|---|---|
| Home Improvement Loan | 8.50% p.a. onwards |
PNB Housing Finance NRI Home Loan Interest Rates
PNB Housing Finance offers specialized NRI Home Loans tailored to the needs of Non-Resident Indians. These loans facilitate the purchase, construction, or renovation of properties in India, providing competitive interest rates and flexible repayment options to bridge the financial gap for NRIs investing in real estate back home.
| Home Loan Types | Home Loan Interest Rates |
|---|---|
| NRI Home Loan | 8.50% p.a. onwards |
How to Get Lowest and Best PNB Housing Finance Home Loan Interest Rates?
Here are key tips to secure the lowest and most favorable home loan interest rates from PNB Housing Finance.
- Select the Right PNB Housing Finance Scheme that matches personal requirements for cost efficiency.
- Leverage Special Concessions offered to government employees, women borrowers, and defense personnel.
- Use the Check-Off Facility for direct salary deductions, which may lower interest rates.
- Make a Higher Down Payment to reduce the principal and potentially get better terms.
- Watch Out for Festive Offers or promotional discounts from PNB Housing Finance.
- Keep Income Documents Updated for quicker approvals and more favorable rates.
- Maintain Steady Employment to boost financial credibility and rate eligibility.
- Build a Strong Relationship with PNB Housing Finance for possible preferential pricing.
- Always Negotiate to explore discounts on interest rates or processing fees.
- Aim for a 750+ Credit Score to secure preferential rates.
Also Read: PNB Housing Finance Home Loan Application Process
Types of Home Loan Interest Rates
| Interest Rate Type | Definition | Pros | Cons |
|---|---|---|---|
| Fixed | Rate remains constant throughout a predetermined period or entire tenure. | – Predictable EMIs for budgeting – Protection against rising interest rates | – Typically higher rates compared to floating – No benefit if market rates go down |
| Floating (Variable) | Linked to market benchmarks (e.g., Repo Rate, MCLR) and changes over time | – Often cheaper when rates fall – Can partly or fully prepay with lower penalties | – EMIs fluctuate with market conditions – Costs may rise if rates increase |
| Hybrid | Combination of fixed and floating phases. | – Stability in the initial fixed period – Potential cost savings in the variable phase | – Transition from fixed to floating can carry uncertainties – May incur a shift-related fee |
How to Obtain a PNB Housing Finance Home Loan Interest Certificate?
Time needed: 2 minutes
Borrowers can effortlessly download their PNB Housing Finance (PNB HFL) home loan statements online through the PNB Housing Customer Portal, available both on the web and via the mobile application.
- Using the Web Portal:
– Visit the Customer Login Page: Navigate to the PNB Housing Customer Login website.
– Log In: Enter your registered credentials to access your account.
– Download Statement: Go to the loan statements section and download your home loan statement.
- Using the Mobile Application:
– Download the App: Install the PNB Housing Customer Portal app from the App Store for iOS devices or the Google Play Store for Android devices.
– Sign In: Open the app and log in using your account details.
– Access Your Statement: Navigate to the loan section within the app to view and download your home loan statement.
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Frequently Asked Questions
PNB Housing Finance requires applicants to have a minimum CIBIL score of 650 to be eligible for a home loan. A higher credit score enhances the likelihood of approval and may secure more favorable interest rates.
Yes, PNB Housing Finance allows borrowers to hold two home loans at the same time. However, applicants must demonstrate sufficient repayment capacity to manage the financial obligations of both loans effectively.
PNB Housing Finance generally approves home loan applications within 5-7 days. However, this timeline may extend if applicants fail to provide the necessary income or property documentation promptly.
Absolutely. PNB Housing Finance offers joint home loans where you can apply alongside an immediate family member. Joint applications often have a higher approval rate and may provide access to greater income tax benefits.
A higher credit score significantly benefits borrowers by qualifying them for lower interest rates. For instance, applicants with a CIBIL score of 800 and above receive the most competitive rates, whereas those with scores of 650 or below may face higher interest rates.
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